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20121031
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. >> right now it's down to about 66% in trade obviously suggesting romney got a big boost. >> mini flash crash. >> among our political guests this morning ready to talk about the road to election today, arianna huffington will be our guest host. huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you what i took away from the entire debate because i want to let you say it, but i saw what's possible in a life spent without any alcohol. i saw what i could have possibly been -- i saw how i could have possibly been able to talk if i had all the brain cells that i started with. and that was what i came away with. that i just wish in a maybe i had considered that path maybe of being, you negotiation life of sobriety. anyway, what did you think, john? >> well, romney considered that path and he took that path, joe, and he tried to press his case last night. the challenge for him was to come out with the kind of aggression that could sco
along with joe kernen and andrew ross sorkin. romney accused of president of diminishing american leadership during his first term. they discussed military spending, the middle east, china. and john harwood will join us with the highlights. among our newsmakers you can we have rob portman at 7:00. he's been playing the role of president obama in mitt romney's debate preparations. then coming up at 8:00, we have senator john kerry. he's been playing mitt romney in the president's debate prep sessions. of course earnings central is still in full swing. before the bell, we will hear from dupont, 3 m, united technologies, and many others. also a topic dominating discussions is the fiscal cliff. the annual meeting of the securities trade group is taking place in new york today. and the looming risk the u.s. economy is sure to be on the agenda of participants. we'll be joined by a few of those this morning. including gary gensler. chet heick will also be joining us. on the lighter side of thing, we'll have a rock star among us this morning. yeah, we mean this literally. not just the roc
was the story of the debate last night was -- i thought mitt romney was pretty good last night and he brought his a game as he did in denver, but what was different about this one was the president did, too. and he came in very strong. he had some different talking points. he didn't have a five-point plan. he's got a one-point plan. it's to help the rich. he tried to tie mitt romney to the republican congress. everything they say, me, too. that was a different riff. and then he got lucky in the order of the closing statements -- >> you'd miss this if you tushed it off. >> it was the final question. >> outsourcing? >> no, the final question had to do with -- i forget actually what the question was. and it didn't matter. >> it's what characterizations do you -- >> exactly. what's the misperception about you and correct it. >> and so romney said well, a lot of negative things have said about me the campaign and i want everybody to know i care about 100% of americans. a pretty good answer. except that obama got to go last with no rebuttal. and obama came back and went hard, hard at the 47% video,
>>> good morning, everybody. welcome to "squawk box" here on cnbc. president obama and mitt romney now have about 15 hours until they take the debate stage at the university of denver. >> people want to know who's going to win? who's going to score the punches? in my view, it's not so much winning or losing or even the people themselves, the president and myself. it's about something bigger than that. >> no, no, governor romney, he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> a new nbc news "wall street journal" poll finds that nearly four in ten voters say that the upcoming debates will be either extremely or quite important to determining their vote for president. another 34% of voters polled say that the upcoming debates will be somewhat important to their votes, so the stakes are high tonight. president obama's lead in the nationwide polls is narrowing. meantime, romney has pulled even in florida. john harwood is in denver this morning and he will join us in just a few
about the fresh money coming in for the romney campaign. all that plus states and cities turning to gambling to make up budget shortfalls. we'll bring you a new casino opening up in the battleground state of ohio. first let's get you up to speed on the other top stories. andrew, welcome back. >> good morning. it was decision 2012 in venezuela this weekend. hugo chavez has been reelected. he beat out by a 54-45 margin. in 2006, he won by 27 points. swreker to gives chavez a fresh endorsement of his socialist asian world bank saying brace for slower growth. lowest pace of growth since 2001. and that's predominantly due to the region's exposure to china. and finally, a u.s. congressional committee set to recommend blocking china's big telecom equipment maker from expanding in american markets. leaked report says that there are security risks. >> codo we trust the chinese? >> if you were looking there, i would find another vendor if you care about your indiatakellectu property and the national security of the united states of america. >> that report was something. the full report set
and romney campaigns. our ges both served as chairman of the economic advisers. austan goolsbee and ed lazear under president obama. but first this morning's headlines. >>> you wanted music but you didn't pick this? >> no but it didn't bother me until you started mocking it. >> she want us just to talk, no music. >> let's get to spain and its finance minister. sparking laughter from an audience in london today, why he told a group of academics that his country doesn't need a bailout at all. that's interesting. the minister is arguing that madrid's reform program right now is already sufficient to stave off a full sovereign bailout and the ecb's bond buying program would suffice. to help spain recover. that's apparently how it started, with -- you can imagine -- that's bad for confidence of the minister of spain where he's telling an audience, we don't need a bailout and then you hear a whole auditorium laughing. morgan stanley is warning that more pay cuts are coming. in an interview with the ftc, james gore man said more job cuts and smaller bonuses are planned next year as the bank attempts
a point in the article of saying jack says i'm not a surrogate for romney campaign. my wife is not a surrogate and is not connected to the romney campaign. i guess she worked -- >> she consulted for bain. >> bain consulting, not bain capital. >> now they're calling it truthers. >> i was telling becky before the show -- and i'm on a lot of these e-mail lists. there's a whole group of people trying to spend all their day and night trying to discredit jack and his history and his this and that, as if that has anything to do with anything. >> it's gone crazy. >> completely and utterly out of control. we'll talk to jack about this. >> your morning sports report. plus, today's national weather forecast. we'll have that. i didn't even see it. i went to bed right after the eighth. >> i watched earlier. and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interest
the map. pew has romney up four points, but gallup says the positive jobs report gave president obama a five point boost. among our guests, ken langone and donald trump. and focusing on issues of foreign policy and national security, we have senator john mccain. and by the way, if you went to sleep early last night, the texans beat the jets 23-17. this win brings the texans perfect record this season to 5-0. we will have more in squawk sports. first andrew has the morning's other top stories. >>> mr. sanchez had a chance to win that close to the end there and he didn't. the imf, though, this morning warning that the global economy has weakened further and now predicts slower growth for the next year. the advanced economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about
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, president obama and governor romney attending the al smith dinner in new york last night laughing together. they never laugh together about anything. but this is about their first debate. >> everyone please take your seats. otherwise clint eastwood whether will yell at them. >> of course i'm pleased that the president is here. we were chatting pleasantly this evening as if tuesday night never happened. >> as some of you may have noticed, i had lot more energy in our second debate after the nice long nap i had in the first debate. >> i was hoping the president would bring joe biden along this evening. because he'll what laugh at anything. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. mike rowe here at a ford tell me fiona, who's having a big tire event? your fo
poll data out this morning. mitt romney now leads president obama by 48% to 47% in virginia. and in florida, obama leads 48% to 47% among likely voters. and in ohio, romney trimmed two percentage points off of obama's pre-debate lead. the president holds a 51-45% edge among likely vote everies there. john harwood will be joining us live from kentucky with more in just a few minutes. but first andrew has this morning's top business stories. >>> we got some banking news this morning on wall street. jpmorgan cfo dug braunstein will be stepping down. he'll take on another post within the company, so he won't be leaving, but it was on his watch that the jpmorgan london whale experience happened and there remains scrutiny all around that. he's expected to lead the bank's earnings call tomorrow morning, so a lot of interest thp. in other headlines related to jpmorgan, deal book is reporting that the fbi investigation into the bank's $6 billion trading loss may not inchbly indicate jamie dimon, buts investigation does not appear to touch on the echelons of top management, but the co
romney. >> great editorial piece in the journal about how that came about. some senior official obviously said that a tempting october surprise. talks about not just in that instance, a movie about how to-to-cheat on your wife where you're this bed with a woman, your wife comes in, you just keep denying as the woman gets dressed, you get dressed, your wife keeps say whog is this woman, what are you doing, what woman? until she finally leaves and then five minutes later the wife just gives up and says what do you want for dinner tonight. but that's typical of what we've heard for the last 3 1/2 years. >> tonight is the big debate. it will be focused on foreign affairs. and they've already put out a list of the topics he wants to get to. so i don't know what new will happen tonight. they'll be sitting at a table. this might be more calm. they won't be walking around. also there was a new photo that's been released of fidel castro. seen holding up the photo of castro, he says he met with castro on saturday for five hours. rumorsed swirled over the health of the 86-year-old castro. in an arti
, university of michigan, and stanford. plus president obama and mitt romney will be squaring off in the second presidential debate tonight. this is a town hall format. both sides say their candidate is ready. >> mitt's prepared. mitt's confident. mitt's got a good presence about him. >> i'm smiling, i'm giving a thumbs up if he can see it. i assume that he can, so i make sure that i'm always giving him that positive love. >> john harwood will join us onset in just a few minutes with a preview. in fact he's standing right over here. first, though, let's get to the morning top stories. >> united healthcare is reporting, $1.50 a share is pretty good about that well above the estimate of 1.34. united healthcare is also forecasting full year 2012 net of 5.20 to 5.25. with that 16 cent beat in the third quarter, it should make it easier to hit those numbers even without any increase in where the fourth quarter is. the medical care ratio, consolidated care ratio, 79% in the period. third quarter revenue was 27.62 billion. not bad on the first call side. company earned -- or had 27.62 in revenue. so a
the beginning. and going after mitt romney in a way that president obama didn't do and wishes he had done in denver last week. we've seen some movement toward mitt romney in the polls. you saw that when joe biden raised the 47% video and went very hard about the values that mitt romney expressing there. but of course that provided an opening for paul ryan to come back at joe biden and his reputation for say things in the exactly the right way. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> now, that was a very funny line by paul ryan, but what you saw was then vice president biden picked up and continued to go aggressively as he did all night after paul ryan. and he said it was the republican ticket that was being disingenuous when paul ryan was criticizing obama's economic record, the economic stimulus and biden says, wait a minute, you asked for some of that stimulus money. >> i love my friend here. i'm not allowed to show letters, but go on our website, he sent me two letters saying
with that. >> if you comfortable saying that. >> i am. >> you know how they cut everything romney says, they cut out all the stuff on both sides of it? all we'll have for you is saying it tit, tit. remember faber, remember what he said? >> yes. the work on his finger. and you let him -- >> no, he stopped right after -- >> he stopped right after you said you what? >> yeah, anyway, boeing engineers and technical workers -- >> who did we have on last week who had a fluffer? >> a fluff off line of clothes. >> right, lululemon. >> is it not lululemon? >> in france it is. >> yeah, it is. what's happening here? the workers are voting to reject the pay offer from boeing. talks are set to resume today. a separate vote is required to authorize a strike so it doesn't necessarily mean it will happen. most experts say at this point that a strike is unlikely. >> we have another stock to mention this morning and that's google. shares hitting an all-time high yesterday after the search engine giant's stock at this point is now the second largest on the nasdaq 100 index. of course apple the biggest. it
into it. >> a little surprising that the "times" it dispatch one of its reporters away from the romney investigation of his wealth to go over to china. they were able to spare him? probably a cadre working on romney. digging in to his garbage. >> david's invested a lot of his time. >> you ignore me. >> wise course. >> did you see victor pandit? >> you're trying to avoid this "wall street journal" editor kral. they channeled you. liberals confuse a pro-growth plea with a tax rate hike. this is the same discussion we had yesterday morning where we were talking semantics whether you call it a rise in tax revenues, lowering tax rates, higher effective tax rates. you were taking it immediately as a stamp of approval from the ceos to raise taxes, which is what they're talking about is a pro-growth plan. >> all the ceos can say we agree, but once you actually get down to the devil and the detail, it will be much more -- >> so you lost that argument yesterday. so today you booked larry summers, peter orszag, jared bernstein. i'm going to be -- >> you'll be just fine. >> no, i'm not. high bladd
thousands of points in a relatively short period of time. >> to solve the fiscal cliff, if romney got elected, wouldn't they just extend the bush tax cuts and then work on a couple other things? the reason that it won't be solved right now is because we kc can't get a tax deal done because the democrats are insisting they expire for over 250,000. i mean, why wouldn't -- if you want to solve the fiscal cliff, if you elected romney, you'll solve the fiscal cliff because the house will probably still be republicans. so he passes it, they sign it and the fiscal cliff is finished. p there is no fiscal cliff. >> you're trying to get me to invoke my republican heritage here? >> i know, i'm taking a big -- sticking my neck out trying to get a taft to say, yeah, that might work. but i was thinking about that this morning. the fiscal cliff, the reason that at least the tax part of it, that's one of the reasons, right? be a man. step up to the plate. >> here's the issue. it doesn't matter all that much whether obama or romney is elected president. what matters is how whoever is president engages
lose next week, but are they so panicky that they want to suggest that mitt romney and the republicans are against disaster relief? the one thing you came up with yesterday was that romney wants to cut fema. >> i saw that on twitter. everybody was talking about it. >> there's some good stuff on the objective buzz feed. >> i saw that, too. objective guys. i follow them. and i was reading it and thinking this is like awful. i don't need to see any of this. >>> coming up, getting ready for trading. we'll reopen after being off for two days. >>> plus, sandy's path of destruction disrupting the campaign trail. but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice bu
money. everything's up for grabs again. romney's in maine. >> ohio is a big, big state. this is ground central for this whole campaign. >> yeah. >> you okay? you're beside yourself. >> i'm fine. >> you sure? >> i'm fine. >> you got a good-looking haircut. and there's more to life than a lot of this other stuff. you got your twins. >> you're right. they just whispered in my ear. i forgot lubrisol. >> he can't throw cornell in. >> but we should talk a lot about colorado, right? >> colorado. oh, my undergraduate school. they may turn that into a football club now i think instead of an actual -- that's what i would do. just try to compete. intramural maybe. >> okay, becky, we'll come back to you in just a moment. right now it's time for the global markets report. we're going to go across the pond where ross westgate is standing by in london to give us an update on what's going on over there. a little bit of a setup to what might happen here in the markets after a couple of very rough days, ross. >> yeah, andrew. and falls yesterday for the european markets, ftse doing a little bit better.
it is down the road, but the real problem is getting our arms around spending versus revenue. >> if romney wins, it's a nonissue. >> if romney win, he doesn't get sworn in until the end of january, so there's the question of coming up with an extender. >> they would, wouldn't they, if he won and he knew who was going to be in the house, they wouldn't say there and say we're not going to do hf-- >> i think what will happen is if he win, he and the republicans in the house if they're still in control of the house, which everyone thinks that they will be at in point, they will come up with some kind of way to signal to the markets here's what we're going to do on inauguration day right after the big speech on capitol hill. so i think they'll send that message, but they won't be able to get it signed until romney is sworn in. unless they can come up with some kind of an unusual deal in which obama would sign a deal that romney would like. i don't see that happening particularly in obama just lost to the guy. they don't have a whole lot of love for each other. >> everybody wants to extend the b
not agreed to cut entitlements. romney campaign has not talked about higher taxes on -- >> obama's entire -- >> this walks you throughout middle of both. >> the 20 page thing that he wasn't going to release, that talks about nothing with entitlements. all talks about is raising taxes on the top 2%. we had bob shrum the other day once again with the talking points about back in the '90s -- >> i'm not trying to conflate it with clinton. all i'm suggesting is the average effective tax rate goes up, so i find it odd when everybody walks up and says we want to lower tax rate, raise revenue. and get rid 6 all tof all the - >> because they don't get in trouble with grove ar norquist >> one other element whether they're thinking about this as a supply side thing. >> when you don't get in to the details, you avoid all the arguments. but they are trying to find common ground in the middle and they dough do go with simpson- plan. >> it's lowering marginal rates. i can't say it more clearly. marginal rates. if you want to factor in all the deductions -- >> ultimately this is all going to be a fight
him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a president's job. i don't see the president getting much mileage out of that. but who knows. >> this is a random question. if the election were held tomorrow, would they ever cancel or delay the actual election itself due to weather,s that that ever happened? >> not to my knowledge. i think it would be very, very difficult to do. but, you know, stranger things have happened. i'm
it should be dealt with. romney had made some comments in some of the earlier debates about whether he would try to scale fema back. the president pushed back, there was an editorial in "the new york times" this morning. i wanted your thoughts. >> i think these problems are more of a local based thing. new york has some great people and great workers and great construction people and you look at the mta, what they're doing to clean up the subway. i mean it's amazing what's going on if you look at the subways, the tunnels are i hear loaded to the top with water and it's saltwater which is the worst kind of water. it corrodcorrodes everything. the local people in these tragedy do a great job no matter where you're talking about in this country. >> how long does the $5 million offer? >> i have to extend it. everybody's talking about it. it's got unbelievable momentum. i was on "the david letterman show" the other night and it was amazing, like a tremendous ovation, but i think it's unfair to say i'll make it thursday at 12:00, i'm extending it thursday to 12:00, $5 million to the favorite chari
Search Results 0 to 22 of about 23